"This paper looked at whether or not the biggest banks in America were adequately covered with capital, and could handle a crisis... The two biggest banks in the country couldn't survive for 30 days if we had a crisis of the dimensions we have now." - Richard Wolff
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Become an EU patron on Patreon: https://www.patreon.com/economicupdate Become a monthly donor via our website: https://www.democracyatwork.info/donate _______________________________________________________________________________________ Learn more about Prof Wolff's NEW BOOK, "The Sickness is the System: When Capitalism Fails to Save Us from Pandemics or Itself," that came out mid-September, on our books page: www.democracyatwork.info/books
"Indeed, his book is so thorough, so comprehensive in its insightful analysis, that it is a practically a one-stop center for anyone who wants to understand why the year 2020 has been such a dumpster fire." - SALON